The site in the port city of Qingdao is due to open in August
2018. Wanda says it has established a film and TV industry
development fund together with the city government that will
offer Chinese and international producers a rebate of 40 percent
of their production expenses.

The announcement Monday is the latest by Wanda to promote its
growing entertainment brand globally, even as U.S. lawmakers
raise concerns about the company's investment in Hollywood.

Last month, a group of U.S. lawmakers called for closer scrutiny
of Chinese investment like Wanda's in the entertainment industry.
They are concerned those moves could limit creative freedom or
promote Chinese propaganda.